Constellation Software (TSE:CSU) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Constellation Software Inc. (TSE:CSU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4,453.18 and traded as high as C$4,923.17. Constellation Software shares last traded at C$4,870.33, with a volume of 31,511 shares changing hands.

Wall Street Analysts Forecast Growth

CSU has been the subject of a number of analyst reports. TD Securities upped their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. CIBC upped their price objective on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Raymond James upped their price objective on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. BMO Capital Markets upped their price objective on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Finally, UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Down 0.6 %

The firm has a market capitalization of C$73.14 billion, a PE ratio of 115.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The business’s 50-day moving average price is C$4,603.89 and its 200-day moving average price is C$4,455.86. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83.

Constellation Software Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were given a dividend of $1.353 per share. This represents a $5.41 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Friday, December 20th. Constellation Software’s payout ratio is presently 13.02%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.